Buy and Sell DVC, Inc.® prides ourself on giving you support throughout the entire process. We will keep you updated on ROFR, final documents status, when the file closes, and when your proceeds are sent. Our broker has been involved in Disney Vacation Club resales since 2004 and he understands the importance of keeping sellers updated throughout the entire process. You will have access to our broker via email and his personal cell phone. Our broker wants this experience to be smooth for sellers and buyers.
That will be determined by the resort you own, deeded number of points, the price you set, and the points available. One of our licensed associates will be going over this with you in further detail to help you determine the best listing price.
The closing is set for 8 weeks from the day you and the buyer come to an agreement. If you have a pending reservation you can list the property now, however, the closing would take place after the check-out date of your last reservation.
You will receive the sale proceeds less a $150 Estoppel Fee and a commission. Any outstanding liens, mortgages, maintenance fees, or late fees that may have been assessed to your property will also be deducted. Closing costs are typically paid by the buyer.Please note as a foreign seller you will also have a 15% withholding FIRPTA tax. However, we do have a recommended third-party company that can work on the client’s behalf with the IRS to allow the client to possibly receive a refund from the IRS on the withholding tax. In most cases, the sellers receive a refund of the tax but this cannot be guaranteed. The determination of any refund is provided by the IRS in approximately 12-14 weeks after closing. The third-party company’s fee for this is approximately $500. For additional information regarding FIRPTA let us know.Please note for non-Hawaii residents selling Aulani: you will be assessed a 7.25% HARPTA tax on the selling price at the time of closing. You can apply for an exemption via a qualified HARPTA specialist. For additional information regarding HARPTA let us know.